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Sunday, 27 November 2016

Sources say international institutions agreed to finance FiT phase two

Sources at the Electricity Ministry said 10 international financial institutions have agreed to finance phase two of the feed-in tariff projects, after clauses that allow for international arbitration were approved, according to Al Borsa. The sources say the financiers include the EBRD, the IFC, EIB, and Germany’s KFW. International financiers had withdrawn from phase one over the exclusion of international arbitration clauses. None of the institutions mentioned have confirmed the news.

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